Rule 811 As used in this article, “value of property” means market value of any of the following: (a) Real property or any interest therein.

When a California court talks about the "value of property" in property cases, it means the market value. Market value is what a buyer would reasonably pay for the property.

This rule covers real estate, like land or buildings, and any ownership rights tied to that real estate. It also covers situations where real estate and physical personal property are sold or valued together as one package.